According to my interpretation of the linear weekly ECU chart parallel trading channel (now 2 years old), the next key price objective is $2.25 plus or minus a few pennies. That's the Big Kahoona breakout point but not to diminish the significance of the wedge breakout. A sustained close above that price and parallel formation breaks a 2 year down trendline & paves the way for much higher prices.

Another important technical development in our favour is the Weekly ema(7) moving above ema(18.) This is one of the hallmark signals that supports a sustained move higher in the SP and will help provide lift to the stock at this key juncture, keeping it afloat above the weekly ma(50) - hopefully long enough to keep this run going for months.

Last but not least of all, in this time of global credit & financial turmoil, the market seeks safe haven in, and awards a price premium to, miners that can generate internal cash flows and keep themselves afloat without having to rely on tightwad extortionist banker/broker financing. So this latest run into ECU is a logical conclusion following recent news which suggests we can go it alone without external financial support, if necessary (e.g if the sthtf.) Congrats yet again to ECU which has has distinguished itself from the rest of the crowd.

I anxiously look forward to the moment when Michel hits the mineralized intrusive source jackpot, because that's the key fundamental ingredient that will propel ECU to it's next big wave up technical target of over $20.00.